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Zcash (ZEC) Down 0.03% Sunday: What's Next?

Sunday, March 06, 2022 06:09 AM | InvestorsObserver Analysts
Zcash (ZEC) Down 0.03% Sunday: What's Next?

Zcash (ZEC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has fallen 3.44% to $109.87.

volatility - 28
InvestorsObserver is giving Zcash a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Zcash!

Moderately Volatile

InvestorsObserver gives Zcash a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. ZEC's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Zcash price is in a favorable position going forward. With support at $106.51 and resistance around $112.4. This positions Zcash with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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